February 27 News: Cardano’s native token ADA has risen nearly 20% over the past 48 hours, significantly improving its market cap ranking. According to CoinMarketCap data, ADA has re-entered the top ten; however, CoinGecko lists it as 12th due to differences in circulating supply calculations. Despite the ranking differences, signs of capital inflow are evident.
In terms of price, ADA is currently around $0.292, approaching the psychological resistance level of $0.30. The daily chart shows an RSI of about 50.9, in a neutral to slightly bullish zone, not yet in overbought territory; the AO indicator has broken above zero and turned green, indicating increasing bullish momentum. If the daily price can hold above $0.30, the next target could be around $0.34. Support levels are concentrated at $0.25, where significant buying interest was seen in early February.
On-chain data also supports this bullish outlook. Santiment data shows that over the past six months, “sharks” and “whales” have accumulated approximately 819.4 million ADA when the price dipped near $0.26. Institutionally, Grayscale Investments recently increased its Cardano holdings in its smart contract platform fund to 20.2%, making it the third-largest position.
Whether ADA can maintain its top ten market cap ranking depends on whether the $0.30 level can become a solid support and on overall market risk appetite. If trading volume increases alongside price, Cardano may continue to strengthen its position in the smart contract sector.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Goldman Sachs CEO Solomon Warns: US-Iran War Impact Could Trigger Several Weeks of Continuous Crypto Market Decline
Goldman Sachs CEO David Solomon pointed out that the financial markets have not yet fully digested the impact of the US-Iran war, and cryptocurrencies may face further declines. Geopolitical tensions and oil price fluctuations are putting pressure on the markets, and investors should monitor related developments to assess future market trends.
GateNews22m ago
Ethereum Price News: ETH Exchange Reserves Drop to Historic Lows, Vitalik Buterin Proposes "Shelter Technology" Concept
Ethereum (ETH) has recently remained around $2,000, and ETH withdrawals have hit a new high in the past month as major investors transfer assets to private wallets. ETH reserves have fallen to early-year levels. Co-founder Vitalik Buterin has suggested building an "shelter technology" ecosystem to address geopolitical instability. Investors are adjusting their medium- to long-term asset allocations, and prices remain stable.
GateNews26m ago
XRP Price News: Ripple Advances RLUSD Stablecoin Payment Strategy, Potential Impact on XRP Demand
On March 3rd, Ripple(XRP) declined by approximately 2.4%, with the price around $1.36 and a market capitalization close to $83 billion. This fluctuation was influenced by a global risk asset correction and geopolitical tensions. Ripple announced an expansion of its payment platform to support the stablecoin RLUSD, which could put pressure on XRP demand. Despite the price decline, platform upgrades may bring positive changes for long-term development.
GateNews34m ago
BTC 15-minute increase of 0.77%: Institutional ETF funds strongly flow in, leading the short-term rebound
From 07:45 to 08:00 (UTC) on March 4, 2026, BTC prices experienced rapid short-term fluctuations, with a return of +0.77%. The price range was between 68,885.0 and 69,655.7 USDT, with an amplitude of 1.12%. This volatility was accompanied by increased spot trading volume, attracting market attention and intensifying fluctuations.
The main driver of this movement was the continuous net inflow of funds into the US spot Bitcoin ETF, with daily inflows reaching $458 million. Institutional large investors concentrated their purchases, pushing BTC to a strong short-term rebound. ETF funds were directly invested in long positions, reflecting the market sentiment.
GateNews36m ago
Bitcoin Price Trends Amid Iran Conflict: Six Experts Analyze Future Price Potential
Bitcoin's recent price has fluctuated between $65,000 and $70,000. Despite escalating geopolitical conflicts, experts believe that large-scale wars could prompt the Federal Reserve to inject liquidity, boosting the value of risk assets like Bitcoin. The impact of the conflict on energy supply and market confidence may also support Bitcoin prices in the medium term. Overall, market sentiment and profit-taking strategies will continue to influence short-term trends.
GateNews43m ago
Pi Network Faces Selling Pressure During Ongoing Network Upgrade
Pi Network faces selling pressure as Core Team moves tokens, limiting price recovery potential.
Ongoing network upgrade aims to improve speed, security, and developer tools for Pi.
Key levels near $0.20 and $0.15 will determine short-term price direction and momentum.
Pi Coin has
CryptoNewsLand57m ago
